MicroStrategy’s aggressive Bitcoin acquisition strategy has raised eyebrows in the financial community, especially following their latest purchase of over $500 million. The company’s cumulative holdings now stand at an astonishing
Michael Saylor bought Bitcoin and is currently at $62 million loss
Peter Schiff warns MicroStrategy is "running out of firepower" to buy Bitcoin — Is it really?
Helsinki, Finland, December 23rd, 2024, Chainwire SilentBerry, a decentralized publishing platform utilizing the RGB++ protocol, has announced a strategic investment from the CKB Eco Fund. This collaboration aims to enhance the platform’s innovative approach to integrating authors and readers within the blockchain ecosystem. SilentBerry’s model enables authors to inscribe their book content directly onto the Bitcoin blockchain,
Bitcoin price drops below $96,000 after MicroStrategy's new purchase announcement. Experts predict potential rebounds for altcoins like ZEN and IOTA soon. Continue Reading: Market Analysts Provide Insights on Bitcoin and Altcoin Predictions The post Market Analysts Provide Insights on Bitcoin and Altcoin Predictions appeared first on COINTURK NEWS .
The cryptocurrency market is buzzing as Bitcoin and Ethereum continue to break new ground, enticing investors and sparking debates on future trajectories. Recent analyses suggest that institutional interest in cryptocurrencies
This weekend saw significant movements in the cryptocurrency market, notably with the SEC’s approval of new ETFs, a Bitcoin price fluctuation, and a massive Dogecoin transfer. The recent developments suggest
Gate Group, a global leader in cryptocurrency services, announced that it has acquired all outstanding shares of Japanese cryptocurrency service provider Coin Master Co. Ltd. Gate Group Acquires Coin Master Co., Ltd, Rebrands as Gate Japan The deal was made through Gate Information PTE. LTD., a Singapore-based subsidiary of Gate Group, led by CEO Lin Han, a Singapore-based subsidiary of Gate Group. Following the acquisition, Coin Master Co., Ltd. was officially renamed Gate Japan Co., Ltd., marking an important step in Gate Group's expansion strategy. This acquisition underscores Gate Group’s commitment to strengthening its presence in the Japanese cryptocurrency market, which is known for its robust regulatory framework and increasing adoption of digital assets. Rebranded as Gate Japan, the company aims to align its services with the needs of local users while leveraging the Gate Group's global expertise. With this acquisition, Gate Japan is expected to enhance its offerings, including cryptocurrency trading and blockchain-based financial services, and further contribute to the development of the Japanese digital asset ecosystem. Gate Group's expansion into Japan reflects its commitment to fostering innovation and providing safe, user-friendly cryptocurrency solutions in regulated markets around the world. *This is not investment advice. Continue Reading: Cryptocurrency Service Provider Gate Group Acquires Japanese Crypto Company! Here Are the Details
Bybit has released its 17th proof of reserves report, revealing notable shifts in user asset holdings as of December 12, 2024. The snapshot shows a difference between Bitcoin and other major assets, with BTC holdings declining 8.55% to 50,412 BTC since the November 13 report. However, Ethereum and stablecoin holdings experienced substantial growth. Ethereum assets increased by 8.11% to 525,641 ETH, and USDT holdings surged by 29.77% to reach 4.11 billion. The exchange maintains healthy reserve ratios across its supported assets, with most cryptocurrencies showing coverage above 100%. This indicates Bybit holds more assets in its wallets than required to cover all user deposits, with some tokens like USDC showing reserve ratios as high as 128%. Bitcoin holdings decline as ETH gains momentum The most important change in Bybit’s reserves comes from Bitcoin holdings, which dropped by 4,711 BTC from the previous month to 50,412 BTC. Despite this reduction in user assets, Bybit maintains a healthy 115% reserve ratio for Bitcoin, meaning the exchange holds 58,283 BTC in its wallet assets compared to user deposits. Source: Wu Blockchain In contrast, Ethereum has shown growth, with user assets increasing by 39,441 ETH to reach 525,641 ETH. The exchange maintains a 106% reserve ratio for ETH, with wallet assets of 558,467 ETH. The changing trends between Bitcoin and Ethereum holdings might show the changing user preferences and market dynamics. While Bitcoin’s reserve ratio remains strong at 115%, the reduction in overall holdings could indicate users taking profits during Bitcoin’s recent price rally or diversifying into other assets. Stablecoin dominance in reserve growth Bybit’s stablecoin reserves have shown growth, led by USDT’s increase of 944.3 million to reach 4.11 billion in user assets. This 29.77% surge represents the largest percentage increase among major assets on the platform. The exchange maintains a 103% reserve ratio for USDT, with wallet assets of 4.27 billion USDT. Other stablecoins show similar metrics. USDC maintains the highest reserve ratio among all assets at 128%, with user assets of 148.87 million and wallet assets of 190.80 million. USDE shows a perfect balance with a 100% reserve ratio, holding 533.99 million in both user assets and wallet assets. MNT has also shown growth, with user assets increasing by 71.50 million to reach 362.44 million, a 24.58% increase. MNT maintains a healthy 119% reserve ratio, with wallet assets of 432.89 million. Diverse asset reserve ratios Bybit’s proof of reserves reveals consistently strong coverage across its wide range of supported cryptocurrencies. Meme coins show particularly strong ratios, with Dogecoin (DOGE) maintaining a 118% reserve ratio and Shiba Inu (SHIB) at 108%. In practical terms, this means Bybit holds 1.83 billion DOGE in wallet assets against 1.55 billion in user deposits and 4.50 trillion SHIB against 4.13 trillion in user assets. Layer-1 blockchain tokens show similarly healthy metrics. Solana (SOL) maintains a 104% ratio with 3.15 million tokens in wallet assets, while Polkadot (DOT) shows a strong 112% coverage with 14.10 million tokens backing user deposits. Among DeFi tokens, Uniswap (UNI) stands out with a 117% reserve ratio, holding 4.41 million tokens against 3.74 million in user assets. The reserve data also highlights the exchange’s strong position in other categories. Gaming tokens like SAND maintain a 109% ratio, while newer protocols such as RENDER and SHRAP both show 117% and 119% ratios, respectively. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
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